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Hinsdale trustees review estimated 2025 property tax levy; pension contributions drive increase
Summary
Trustees reviewed the village’s estimated 2025 property tax levy and the actuarial pension contributions that account for most of the proposed increase. The item was presented as a first read; no levy was adopted at the meeting.
Trustees reviewed the village’s estimated property tax levy for 2025 and were briefed on how pension contributions and debt service are shaping the village’s request.
Chair Posseman presented the levy estimate as a first read, noting Illinois law limits annual increases to the lesser of inflation and 5 percent, plus new construction. The presenter said Consumer Price Index for 2024 was 2.9 percent and that new construction value for 2024 was estimated at…
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